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9 2.5 pts On July 1, 2021, Markwell Company acquired equipment. Markwell paid $202,500 in cash on July 1, 2021, and signed a $810,000 noninterest-bearing
9 2.5 pts On July 1, 2021, Markwell Company acquired equipment. Markwell paid $202,500 in cash on July 1, 2021, and signed a $810,000 noninterest-bearing note for the remaining balance which is due on July 1, 2022. An interest rate of 7% reflects the time value of money for this type of loan agreement. For what amount will Markwell record the purchase of equipment? $951,892.. $959,510. $859,510. $1,012,500
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